More Than Half of Crypto Tokens Debuted in 2024 Were Malicious: Blockaid

Quick Summary:

As much as $1.4 billion was lost to crypto scams and fraud in 2024, Blockain said.

Blockaid's data stems from an on-chain detection and response (ODR) platform that processed 2.41 billion transactions, 780 million dapp connections, and 220 million tokens in 2024.

It's worth noting, however, that the amount lost to cryptocurrency hacks and scams shrank dramatically.

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Article Details

Author / Journalist: Oliver Knight

Category: Crypto

Markets: United StatesCubaMali

Topics: Coindesk Lost Bullish 2024 Tokens Market Scams Updated Data Crypto Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 14:00:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 162 words

Reading Time: 1 minutes read

Sentences: 24 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24550862

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